New Star and other fund of fund managers’ plan to withdraw their money from Neptune’s European opportunities fund and follow former manager Barry Norris to Britannic, where he is running the new Argonaut European alpha fund. The moves could see the value of the Neptune fund halve from 28m to 14m.
Lifetime’s chief executive is a keen competitor on the classic car racing circuit and he aims to help the wrap platform become a driving force in the market.
Swiss Re reveals plummeting protection sales in 2004. New term assurance policies saw a 17.3 per cent fall in sales, with sales of CI and individual IP sales also down 30.9 per cent and 25 per cent respectively. Mortgage sales outperformed non-mortgage sales, but these also declined, with TA down 13.5 per cent compared to […]
Standard Life Investments is closing two specialist offshore property funds, which are now fully invested across £2.3bn assets previously held in its life fund.
Self Invested Personal Pension
With a 10 per cent return from his Global Income Fund in the first three months of 2015, Jacob de Tusch-Lec talks to journalist Alexis Xydias about the drivers and why he favours Europe and Asia over the US. Jacob believes European companies remain cheap and is still finding opportunities amid value stocks – in contrast […]
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Justin Modray says the RDR will make little difference in the way most advisers are paid.
M&G is merging its Global Leaders fund into the Global Themes fund in the wake of a review resulting from fund manager Aled Smith’s decision to step down. The proposed merger has been approved by the regulator but is still subject to approval from shareholders. The Global Themes fund will continue to be managed by […]
Face-to-face advice still holds a firm place in serving clients, despite an increasing demand for mobile and remote services in adviser practices. Research from consolidator Fairstone from November shows there has been a 10 per cent decrease in the use of face-to-face financial advisers over the past seven years. However, advisers speaking to Money Marketing […]